Ajman Bank reported a net profit of Dh134.67 million for the first quarter of 2025, up 25% from Dh107.42 million in the same period last year, according to a disclosure filed with the Dubai Financial Market.
Net operating income rose to Dh198.91 million as of March 31, 2025, compared to Dh194.83 million a year earlier. Earnings per share increased to Dh0.05 from Dh0.03 in Q1 2024.
Total assets stood at Dh24.49 billion at the end of March, rising from Dh22.85 billion at the close of December 2024.
Ajman Bank returned to profitability in 2024 with a full-year net profit of Dh439.77 million, reversing a net loss of Dh390.35 million in 2023. The lender continues a multi-year restructuring programme to improve efficiency and earnings stability.
CEO Mustafa Al Khalfawi said the Q1 results reflect the bank’s strategic transformation, with ongoing investments in technology and talent contributing to stable earnings growth.
Ajman Bank is listed on the Dubai Financial Market and complies with Islamic banking principles. It is among several mid-sized lenders in the UAE focusing on digital and retail growth as market competition intensifies.
